Goldgroup Reports Strong First Results from 26,000 Metre San Francisco Drill Program
Goldgroup reported assays from the first six drillholes of its 26,000-metre program at the formerly producing San Francisco Gold Project in Sonora, Mexico, headlined by GGD-178: 16.8 metres grading 4.36 g/t gold including 10.9 metres at 6.34 g/t. All reported holes sit within the existing pit and will feed geological and resource models backing a technical study on a potential restart, with the drilling program budgeted at approximately US$8.5 million and the study expected in Q4 2026. Management has a parallel plan to refurbish the crushing circuit and ADR plant that could support a restart as early as Q1 2027, subject to the study results and a subsequent development decision.
Key figures
- Drill highlights
- ["GGD-174: 23.4 m @ 1.71 g/t Au incl. 6.4 m @ 4.84 g/t Au","GGD-178: 16.8 m @ 4.36 g/t Au incl. 10.9 m @ 6.34 g/t Au","GGD-178: 10.0 m @ 2.00 g/t Au incl. 2.2 m @ 7.83 g/t Au","GGD-179: 51.0 m @ 0.58 g/t Au incl. 3.9 m @ 2.53 g/t Au"]
- Holes assayed to date
- 6
- Drill program length m
- 26000
- Drill program budget usd
- 8500000
- Potential restart timing
- Q1 2027
- Technical study completion
- Q4 2026
AI analysis
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